United Kingdom-based EG Group has entered into a binding agreement to acquire Cumberland Farms Inc., the Westborough, Massachusetts, c-store chain that operates about 600 convenience and fuel retail stores in eight states, mainly in the Northeast but also in Florida. The companies did not disclose the terms of the deal but said EG Group would […]
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Kroger To Sell C-Store Business To U.K. Company For $2.15B
The Kroger Co. has entered into a definitive agreement for the sale of its c-store business unit to EG Group, a privately held c-store retailer based in Blackburn, Lancashire, U.K., for $2.15 billion. The companies expect to close the transaction during the first quarter of Kroger’s fiscal year. As part of the agreement, EG Group will establish its North American […]